This represents about 183 percent increase over what Tullow Oil posted in the first half of 2021.
Meanwhile, its gross profit stood at $620 million ending June 2022.
The numbers were captured in Tullow Oil’s half year profits released by the company on 14 September 2022.
Although some progress has been made in promoting local content in
the oil and gas industry, much more is needed to indigenise the
sector, General Manager-Engineering at state-owned Ghana National
Petroleum Corporation (GNPC)
The conference seeks to foster honest and pragmatic dialogue, positioning the natural gas industry as a key component in the solution for the short to mid-term supply of energy
Oil prices have fallen below $90 dollars per barrel on the world market, following fears of global economic recession.
Russia is selling liquefied natural gas from the Sakhalin-2 project in the Far East to China at a 50-percent discount and still making a profit on it, Bloomberg has reported, citing unnamed traders.
Deputy Director of Renewable Energy at the Ministry of Energy, Ing.
Seth Agbeve Mahu, has said adding nuclear to Ghana’s energy mix
will be critical to the country’s industrialisation agenda.
Skyrocketing energy prices are a disaster for the European economy and its politicians. But given how feckless European energy policies have been, the economic pain they have caused should surprise no one.
Brent crude futures fell US$1.08, or 1.2%, to US$91.75 a barrel by 0644 GMT after slipping 3% in the previous session
Nigeria has agreed with Dangote Refinery to supply 300,000 barrels of crude per day for 20 years.
The West African nation is hoping to end petroleum products importation with the coming into force of this agreement.
Gbenga Komolafe, commission chief executive of Nigerian Upstream Petroleum Regulatory Commission, talks to The Energy Year about the steps the company is taking to foster technological advancement and how it plans to support Nigeria’s energy transition.